2609 E Fairmount Avenue, Phoenix, AZ 85016

$750,000
5
BD
5
BA
967
SqFt

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Courtesy of My Home Group Real Estate. 602-399-2748

List Price
$750,000
Status
ACTIVE
Days on Market
2
MLS#
7101473
Subtype
Residential
Style
Ranch
Year Built
1947
Bedrooms
5
Bathrooms
5
Full Baths
5
Living Area
967
Lot Size
7,623
Acres
0.18
Subdivision
Piccadilly Place

Property Description

UNIQUE INVESTMENT OPPORTUNITY in the BILTMORE/ARCADIA AREA! Charming 2 beds/2 baths MAIN HOUSE + 1 bed/1 bath GUEST HOUSE + TWO MODULAR 1 bed/1 bath homes, offering a total of FOUR separate living spaces on one property! 2026 average occupancy rate 65%, Airbnb rating 4.53 out of 5! Comes with confirmed future bookings totaling over $3,000 through Dec 1, 2026!!! The property generated $108,442 in gross revenue in 2024 and $103,198 in 2025, with a two-year average annual revenue of approximately $105,820. Gross revenue data and occupancy reports can be provided upon request. Main house is 967 sq ft, Casita is 400 sq ft, each modular home (2 in total) is 395 sq ft. Every unit has its OWN kitchen, bathroom and a separate PRIVATE ACCESS. The backyard is a common space for all guests with a Grill, Fire pit, Outdoor furniture and Laundry shed. Cleaning and maintenance crews use another outside shed for supplies. All furniture & decor are included into sale! Conveniently located near the Biltmore and Arcadia areas, with easy access to Phoenix Children's Hospital, shopping, dining, entertainment, major freeways. A rare opportunity for investors looking for a property with multiple living spaces!

Additional Information

Interior Features
3/4 Bath Master Bdrm, Eat-in Kitchen, Granite Counters, High Speed Internet, Furnished(See Rmrks)
Exterior Features
Other
Taxes
$2,607
Property Description
Ranch
Flooring
Laminate
Appliances
Dishwasher, Disposal, Refrigerator, Microwave, Gas Oven, Gas Range, Washer, Dryer
Heating
Natural Gas
Air Conditioning
Central Air
Exterior Construction
Block, Spray Foam Insulation, Stucco
Stories
1
Parking Features
RV Access/Parking, RV Gated
Elementary School
Creighton Virtual Academy
Middle School
Larry C Kennedy School
High School
Camelback High School

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